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Fanatics hires finance chief for sports-betting division before January launch

Fanatics hires finance chief for sports-betting division before January launch

Andrea Ellis has been appointed CFO of Fanatics Betting & Gaming. Source: Fanatics Fanatics is getting one step closer to launching its highly anticipated sports-gambling division, nearly five years after the Supreme Court overturned the rule preventing states from legalizing bets on sporting events. The sports platform and e-commerce company, which has been valued at …

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Dan Niles' Satori Fund is beating the market this year.  Here's where he is putting his money

Dan Niles’ Satori Fund is beating the market this year. Here’s where he is putting his money

This year’s bear market has left many investors deep in the red, but Dan Niles says his Satori Fund has bucked the trend. Niles said the US-focused long-short equity fund is up this year, outperforming the S & P 500, which has declined around 20% in the same period. He did not disclose the fund’s …

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The summer rally has been very bullish, but strategists say a big sell-off next month is possible

The summer rally has been very bullish, but strategists say a big sell-off next month is possible

Stocks’ summer rally may mean the worst of the bear market is over, but even so, strategists who watch charts say another big downdraft is possible in September. Some strategists, in fact, say from a technical standpoint the market could have already launched into a new bull cycle. Others disagree, saying they need more confirmation …

The summer rally has been very bullish, but strategists say a big sell-off next month is possible Read More »

Stocks making the biggest moves midday: Lyft, Carvana, Warner Bros.  Discovery, DraftKings

Stocks making the biggest moves midday: Lyft, Carvana, Warner Bros. Discovery, DraftKings

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama/Getty Images Check out the companies making headlines in …

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